Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Summary of basic and diluted earnings per share

The following table sets forth the calculations of basic and diluted earnings per share (in thousands except share amounts and per share data):


	(In thousands except share amounts, and per share data)

	Three months ended June 30,				Six months ended June 30,
	2014		2013		2014		2013
Net income (loss)	$	56	$	573	$	306	$	(5,325	)

Basic weighted-average common shares outstanding		27,785,280		27,682,272		27,761,837		27,674,729
Add: dilutive effect of stock options		452,603		--		433,279		--
Diluted weighted-average common shares outstanding		28,237,883		27,682,272		28,195,116		27,674,729

Computation of diluted net income per share

The following options, which could be potentially dilutive in future periods, were not included in the computation of diluted net income per share because the effect would have been anti-dilutive for the periods indicated:


	Three months ended June 30,		Six months ended June 30,
	2014	2013	2014	2013
Weighted-average anti-dilutive stock options	1,055,000	2,408,403	1,055,000	2,408,840